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Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 28/10/2026, 05:40:24 UTC.

Briefings

A Bitcoin treasury firm reported a 50% drop in reported assets due to an accounting correction. The correction occurred because the company could not withdraw Bitcoin from its Biconomy wallet, resulting in a $92.2 million cut to reported assets at the end of 2025.

Key points

• A Bitcoin treasury firm reported a 50% drop in reported assets due to an accounting correction.
• The correction occurred because the company could not withdraw Bitcoin from its Biconomy wallet, resulting in a $92.2 million cut to reported assets at the end of 2025.

Context

Bitcoin treasury firms often hold significant BTC in wallets to secure value. This incident highlights the operational risks of holding large digital assets in centralized wallets, as the inability to withdraw funds can trigger immediate accounting adjustments that significantly reduce reported financial assets.

Limitations

The evidence is limited to a single reported event from October 2026. The specific reasons for the wallet lockout beyond the inability to withdraw are not detailed. The $92.2 million figure represents a one-time correction rather than a sustained loss. Future impacts on the firm's valuation or market perception are not forecasted.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 28/10/2026, 05:42:34 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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